Monday, November 29, 2010

There’s Still Time to Take Advantage of Tax Credits for Installing Energy Efficient Fenestration Products

Homeowners can still take advantage of a $1500 tax credit for making energy efficient home improvements, including the installation of high-performance fenestration products.

The program will expire on December 31, 2010.

One important thing to keep in mind is that this is not a tax rebate but a tax credit, which may reduce the amount of tax one owes by up to $1500.

In order to be eligible for the tax credit, the fenestration product(s) must have a U-factor and a Solar Heat Gain Coefficient (SHGC) of 0.30 or below. Also, the cost of labor for installing the product(s) does not count toward the $1500.

Details regarding the tax credit are available here.